Yen drifting ahead of BoJ minutes
January 25, 2021SharePrint
The Japanese yen has started the week on a flat note. Currently, USD/JPY is trading at 103.82, up 0.05% on the day.
BoJ minutes in focus
The Bank of Japan will release the minutes of the December policy meeting later on Monday (23:50 GMT). There were no surprises at the December meeting, so the minutes could follow the trend and have little impact on the markets. Still, investors will be interested to know what policymakers think of the health of Japan’s economy.
As for the Japanese government, their assessment of economic conditions remains grim. On Friday, the government’s monthly report stated that conditions remain severe, although there were some bright spots, such as capital expenditure and the housing market. The resurgence in Covid-19 has prompted government officials to put some 60% of the country under a state of emergency, but this measure is much less restrictive than the lockdowns we have seen in Weste